The new thing in the world of credit cards is credit card training. This is not a crash course in credit cards and how they work, it’s a course in how to make the most from your credit card…
This isn’t an official course that you can pay to go and listen, it’s something i’ve thought of, and it’s something you can (and should) do for free in your own home. All it is basically is thinking more about your spending and where you can gain the most rewards from your credit card.
The first thing is to make a note of which credit cards would suit you the best. If you are not a frequent flyer then any credit card that allows you to collect airmiles is pretty useless isn’t it? You would probably get more from a cashback card perhaps? If this is the case then you can transfer your balance to a card with 0% on balance transfers and gain a little extra interest free time too!
The whole point is this. You must train yourself to pay off your credit card each month. That’s right, the credit card should not be used as a money for nothing tool; simply because there is no such thing. You are best of starting from scratch on this one to be honest, and getting a new credit card with a zero balance. Then you need to train yourself to buy something with it regularly, like your shopping. Pay off the balance each month and watch as your rewards pile up but your interest doesn’t!
Don’t take things too far though. Only start with something you can pay off easily each month. Then when you have mastered this for a few months try adding something else like your paper bill or some liesure activity that you do regularly.
Tags: credit card training, credit cards, Reward Cards
March 20th, 2010 at 8:39 am
[...] Credit Card Training Continued March 20th, 2010 [...]